1507 N 7th StGrand JunctionCO81501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Grand Junction at 1507 N 7th St, Grand Junction, CO, 81501 uses $82,875 cash to close to unlock $3,452/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $1,745/mo, and a $1,224/mo payment keeps the spread at $288/mo. Purchase price stands at $250,000, and rental yield measures 8.38% with $1,745/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 124.71% and total cumulative return in cash records $103,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,745/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1939
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81501, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,528 (100%) |
| Owner Occupied HU | 4,231 (36.7%) |
| Renter Occupied HU | 6,387 (55.4%) |
| Vacant Housing Units | 910 ( 7.9%) |
| Median Home Value | $337,711 |
| Average Home Value | $395,588 |
Housing Distribution
Address Breakdown
Residential
10,480
Single Family
9,413
Multi-Family
1,067
Businesses
1,762
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: THE GRAND JUNCTION GROUP - DIANNE DINNEL • KELLER WILLIAMS COLORADO WEST REALTY
Mls Name: GJARA
Mls ID: #20255463